Published: Tue, January 08, 2019
Global Media | By Jackie Banks

China, US to hold trade talks next week

China, US to hold trade talks next week

American envoys are due in Beijing for talks Monday in a tariff battle over Chinese technology ambitions.

The US team will be led by Deputy US Trade Representative Jeffrey Gerrish and will discuss "implementing the important consensus" reached by Trump and Chinese President Xi Jinping at the sidelines of the G20 summit in Argentina previous year, it said Friday. Its one-sentence announcement gave no other details of the agenda or who else would take part.

But if the two economic superpowers are unable to reach a lasting deal within a 90-day deadline set by their leaders, the damaging trade war could escalate further with the imposition of more tariffs on hundreds of billions of dollars of goods. In December, they agreed to stop trading tariffs for a few months. In the meantime we are doing well in various Trade Negotiations now going on.

The European Union filed its own challenged in the World Trade Organization in June against Chinese regulations the 28-nation trade bloc said hamper the ability of foreign companies to protect and profit from their own technology.

China and the US reached a truce on the trade war and agreed to settle disputes in 90-day talks that will end on March 1. But economists say that is too little time to resolve the sprawling disputes that bedevil U.S.

CNN Host Says Warren's 2020 Bid Is 'Dead on Arrival'
Warren's willingness to take on Trump in Twitter tangles and pointed public speeches could give some voters additional pause. President Donald Trump and other Republicans have criticized Warren for her past claims of having Native American ancestry.

Iranian migrants found on United Kingdom beach as English Channel crossings mount
Chris Hogben, from the NCA, said its work with French colleagues had resulted in dozens of attempted crossings being prevented. On Christmas Day, 40 people in five separate groups reached British shores after a journey by boat across the English Channel.

5 takeaways from Apple's stark China warning
More maneuvers like this from other companies could significantly impact the revenue Apple gleans from its app store. Indeed, in fiscal 2018, the company derived $51.9 billion from the region - a whopping 20% of its total revenue .

"I think we will make a deal with China", Trump told reporters at the White House after a meeting with Democratic and Republican lawmakers about the USA government shutdown.

In addition to Gerrish, the official delegation will also include David Malpass, the Treasury Department's undersecretary for worldwide affairs. The shares closed at US$148.26 on Friday, down about 5.1 percent for the week.

The spat has rattled companies and financial markets that worry it would drag on global economic growth that is showing signs of slowing.

Tensions between Beijing and Washington soared in 2018 over trade disputes, although US President has frozen the latest planned tariff hike and on Saturday reported "big progress" after a call with his counterpart.

Chinese officials are unhappy with U.S. curbs on exports of "dual use" technology with possible military applications. The investment bank UBS said Friday that 37 percent of 200 manufacturers surveyed said they have shifted out of China over the past 12 months. An escalating trade war would make the situation even worse.

Like this: